Word on the Hill is that the Fed's chief banking overseer is gearing up to pitch fresh regulatory frameworks to House members—aiming squarely at banks and stablecoin issuers. The move signals regulators want to level the playing field as Wall Street giants, fintech disruptors, and crypto-native players duke it out for market share. Expect debates around capital requirements, reserve transparency, and how much rope stablecoin projects get before Uncle Sam steps in. Classic tug-of-war: innovation versus guardrails. Whether this sparks bipartisan momentum or stalls in committee circus remains anyone's guess, but the stakes are clear—whoever writes these rules shapes the next decade of digital finance competition.